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    Shelbyville, IN Storefront Properties for Sale

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    Mixed-Use Retail and Residential Building
    Updated: Nov 19, 2025
    Mixed-Use Retail and Residential Building

    12 S Harrison Street, Shelbyville, IN 46176

    $574,900
    0.06 AC lot
    High annual income of over $50,000 from three fully leased storefronts.
    Significant value‑add potential with 4,000+ sq ft of partially finished residential space for lofts, short‑term rentals, or office/studio conversions.
    Prime location in the heart of Downtown Shelbyville's revitalized brick streetscape.
    High visibility and strong foot traffic.
    Stable tenants and flexible downtown commercial zoning.
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    Flexible Office and Retail Building
    Updated: Jun 12
    Flexible Office and Retail Building

    535 East Hendricks Street, Shelbyville, IN 46176

    $450,000
    1,008 sqft
    Commercial building built in 1977 on E Hendricks St
    Street‑front exposure with dedicated parking
    Flexible interior layout suitable for office, retail, or service‑based operations
    Minutes from Downtown Shelbyville with quick access to SR‑9 and I‑74
    Existing utility infrastructure in place for ongoing business use
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Flex Showroom Retail Building
    Flex Showroom Retail Building

    3301 S E ST, Indianapolis, IN 46228

    $1,100,000
    16,979 sqft 1.24 AC lot

    Single-story flex, showroom, and retail building with Madison Avenue and S. East Street frontage in Indianapolis.

    View details
    Historic Grocery Storefront Property
    Historic Grocery Storefront Property

    109 W Washington Street, Fairland, IN 46126

    $199,000
    0.13 AC lot

    Longtime neighborhood store building in Fairland’s Commercial district, with a history of grocery and prepared food sales.

    View details
    Two-Story Corner Retail and Office Building
    Two-Story Corner Retail and Office Building

    2155 N 700 W, Arlington, IN 46104

    $199,999
    0.21 AC lot

    Two-story corner commercial building with street-facing retail/restaurant space and flexible second-floor use for offices or storage.

    View details
    Freestanding Building Near University
    Freestanding Building Near University

    3808 Shelby St, Indianapolis, IN

    Contact for pricing
    10,344 sqft 1.02 AC lot

    Freestanding building across from the University of Indianapolis.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land Site
    Corner Commercial Land Site

    1401 S Meridian Street, Indianapolis, IN 46225

    $74,000
    0.12 AC lot

    Corner lot with full frontage on two city streets and utilities available, positioned for a broad range of commercial uses.

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    Commercial Development Land with Frontage
    Commercial Development Land with Frontage

    3049 Kentucky Avenue, Indianapolis, IN 46221

    $295,000
    0.53 AC lot

    Two adjacent commercial lots in C5 zoning offer Kentucky Avenue frontage for high-intensity use development.

    View details
    Cleared Commercial Development Land
    Cleared Commercial Development Land

    134 W 30th Street, Indianapolis, IN 46208

    $299,500
    0.08 AC lot

    Cleared, IDEM-approved commercial lot with utilities on site and state road frontage for retail, office, or service development.

    View details
    Commercial Land at Highway Intersection
    Commercial Land at Highway Intersection

    2996 N US 421, Whitestown, IN 46075

    $725,000
    3.19 AC lot

    3.19-acre parcel in Boone County with three-phase power and LB zoning, offering development flexibility for commercial uses.

    View details

    Off-Market Properties in Shelbyville, IN

    Consider similar Off-Market properties in Shelbyville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1010 In-44
    Individual retail properties

    1010 In-44, Shelbyville, IN 46176

    Value Estimation by Request
    14,794 sqft 3.57 AC lot
    View details

    Shelbyville, IN Storefront Properties Market Trends and Statistics

    Explore 3 storefront properties for sale in Shelbyville, IN on our real estate platform. These investment opportunities span a total of 1,008 square feet of properties for sale, with an estimated market value of $450,000.

    Sale prices for retail units in Shelbyville, IN start at $450,000, averaging $450,000, and reaching up to $450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 5
    Storefront properties 2
    Showrooms 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) +3.5%
    Median Household Income $66,045
    College Educated 25.8%

    High-Yield Neighborhoods for Investment

    Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46176 $512.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $38.44 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

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